seeking stability…

[sdduuuude]

[quote=scaredycat]figure 65% of homes are owned. [/quote]

Well, 100% of homes are owned by someone so all those someones are hoping for appreciation.

It is the % of people who don’t own a home that want prices to come down.

Besides, what they want isn’t necessarily right. Is it ethical for the people who don’t own a home to pay tax dollars to prop up prices for those who do? It is a double-hit because it also makes their rent payments higher ?

And, can those who don’t own homes provide enough cash to really have an effect after many years ?

If you want the gov to keep propping up the price of your house, you end up paying for that up-propping anyway. Either way, you lose.

Or, the next generation loses, as they’ll pay the interest on the money borrowed to prop up the prices. Then, how will they afford the houses ?

Propping up the housing market is an unsustainable plan long-term.

[UCGal]

I think you need to add another category.
People who have medium size mortgages and don’t mind of the price drops below what they paid because they are in the house for the long haul with full intention of paying off the mortgage and living in it till they’re hauled off to the nursing home or mortuary.

Our house is worth less than we paid (at least according to zillow.) But I don’t mind because we’re on track to have it paid off in 9 years and be mortgage free. It seemed ridiculous it was so expensive at the time. But I looked at the purchase as shelter/housing… not as an investment that could/would be cashed out. I think a more affordable/sustainable market is better for everyone. If 50% or more of household budgets are directed at housing, the non-housing portions of the economy suffer.

[UCGal]

I think you need to add another category.
People who have medium size mortgages and don’t mind of the price drops below what they paid because they are in the house for the long haul with full intention of paying off the mortgage and living in it till they’re hauled off to the nursing home or mortuary.

Our house is worth less than we paid (at least according to zillow.) But I don’t mind because we’re on track to have it paid off in 9 years and be mortgage free. It seemed ridiculous it was so expensive at the time. But I looked at the purchase as shelter/housing… not as an investment that could/would be cashed out. I think a more affordable/sustainable market is better for everyone. If 50% or more of household budgets are directed at housing, the non-housing portions of the economy suffer.

[UCGal]

I think you need to add another category.
People who have medium size mortgages and don’t mind of the price drops below what they paid because they are in the house for the long haul with full intention of paying off the mortgage and living in it till they’re hauled off to the nursing home or mortuary.

Our house is worth less than we paid (at least according to zillow.) But I don’t mind because we’re on track to have it paid off in 9 years and be mortgage free. It seemed ridiculous it was so expensive at the time. But I looked at the purchase as shelter/housing… not as an investment that could/would be cashed out. I think a more affordable/sustainable market is better for everyone. If 50% or more of household budgets are directed at housing, the non-housing portions of the economy suffer.

[UCGal]

I think you need to add another category.
People who have medium size mortgages and don’t mind of the price drops below what they paid because they are in the house for the long haul with full intention of paying off the mortgage and living in it till they’re hauled off to the nursing home or mortuary.

Our house is worth less than we paid (at least according to zillow.) But I don’t mind because we’re on track to have it paid off in 9 years and be mortgage free. It seemed ridiculous it was so expensive at the time. But I looked at the purchase as shelter/housing… not as an investment that could/would be cashed out. I think a more affordable/sustainable market is better for everyone. If 50% or more of household budgets are directed at housing, the non-housing portions of the economy suffer.

[UCGal]

I think you need to add another category.
People who have medium size mortgages and don’t mind of the price drops below what they paid because they are in the house for the long haul with full intention of paying off the mortgage and living in it till they’re hauled off to the nursing home or mortuary.

Our house is worth less than we paid (at least according to zillow.) But I don’t mind because we’re on track to have it paid off in 9 years and be mortgage free. It seemed ridiculous it was so expensive at the time. But I looked at the purchase as shelter/housing… not as an investment that could/would be cashed out. I think a more affordable/sustainable market is better for everyone. If 50% or more of household budgets are directed at housing, the non-housing portions of the economy suffer.

[Sandiagon]

If home prices goes further down in SD or any other area, may be the job market is too bad (like Detroit or Ohio). Right now only job market will be the main reason to influence home prices. First time home buyers credit or other programs will have a very little influence on home prices (may be 20K).

[Sandiagon]

If home prices goes further down in SD or any other area, may be the job market is too bad (like Detroit or Ohio). Right now only job market will be the main reason to influence home prices. First time home buyers credit or other programs will have a very little influence on home prices (may be 20K).

[Sandiagon]

If home prices goes further down in SD or any other area, may be the job market is too bad (like Detroit or Ohio). Right now only job market will be the main reason to influence home prices. First time home buyers credit or other programs will have a very little influence on home prices (may be 20K).

[Sandiagon]

If home prices goes further down in SD or any other area, may be the job market is too bad (like Detroit or Ohio). Right now only job market will be the main reason to influence home prices. First time home buyers credit or other programs will have a very little influence on home prices (may be 20K).

[Sandiagon]

If home prices goes further down in SD or any other area, may be the job market is too bad (like Detroit or Ohio). Right now only job market will be the main reason to influence home prices. First time home buyers credit or other programs will have a very little influence on home prices (may be 20K).

[scaredyclassic]

given the tremendous pressue for prices to be high, it is kind of amazing that prices came down. i mean, what if the voices that felt housing would plateau but not plummet had been right. would be kinda weird. seems maybe like it would be dumb to push one’s luck too far and bet against the overwhelming desire of the nation for too long. im as contrarian as the next contrarian, but ya know, it’s hard to be a contrarian in the face of other players who can change the rules whenever they like.

[scaredyclassic]

given the tremendous pressue for prices to be high, it is kind of amazing that prices came down. i mean, what if the voices that felt housing would plateau but not plummet had been right. would be kinda weird. seems maybe like it would be dumb to push one’s luck too far and bet against the overwhelming desire of the nation for too long. im as contrarian as the next contrarian, but ya know, it’s hard to be a contrarian in the face of other players who can change the rules whenever they like.

[scaredyclassic]

given the tremendous pressue for prices to be high, it is kind of amazing that prices came down. i mean, what if the voices that felt housing would plateau but not plummet had been right. would be kinda weird. seems maybe like it would be dumb to push one’s luck too far and bet against the overwhelming desire of the nation for too long. im as contrarian as the next contrarian, but ya know, it’s hard to be a contrarian in the face of other players who can change the rules whenever they like.

[scaredyclassic]

given the tremendous pressue for prices to be high, it is kind of amazing that prices came down. i mean, what if the voices that felt housing would plateau but not plummet had been right. would be kinda weird. seems maybe like it would be dumb to push one’s luck too far and bet against the overwhelming desire of the nation for too long. im as contrarian as the next contrarian, but ya know, it’s hard to be a contrarian in the face of other players who can change the rules whenever they like.

[Author]

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